🐪 Hump Days #004
The 4th Wednesday of the Month & The 4th Edition of Hump Days!
Introducing a new section in today’s Hump Days newsletter: the community Q&A. I will be answering a Personal Finance / Investing / Entrepreneurship question within the newsletter - so if you want YOUR question answered in next week’s edition, simply hit reply and ask away!
Essential Thoughts from a Non-Essential Worker
Thoughts are limited this week. Wrapping up some work on my next eCommerce website which I’ll be sharing with you guys in a few weeks. For now, I’ll leave you with a quote from one of my favorite thinkers:
In the News
eBay’s Classified Section sells to a Norweigan company I’ve never heard of.
Spotify now supports video podcasts! Is this a beginning of attempting to compete with YouTube?
That extra $600 a week? It’s slated to end as early as this Saturday. Washington has a couple more weeks before they go into recess, so likely we’ll see some news before then surrounding additional relief.
NFL Preaseason is scrapped and they propose 80-man training camp rosters.
A man with a firearm and explosives took 13 hostages and demanded Ukraine’s president endorse a documentary narrated by Joaquin Phoenix about animal abuse. The president complied and the hostages were released.
WFH Station of the Week
This is from reddit user zerofighter2148. Based in Chicago, what a view!
Question of the Week
Q: “Hey I have a question I’m wanting to get into investing and having passive income as well as for retirement how should I approach this? I’m 19 made about 19k last year tbh I don’t know where to begin.” - Justin
A: One of the main things I recommend to young people who are looking to save for retirement is to open a Roth IRA account. It’s an account that earns profit/interest tax free. If you’re expecting to retire with a higher income than you have at a young age, it’s a great investment vehicle because of it’s tax advantages. You can contribute up to $6,000 a year into it. Invest money into it that you can afford, and that you don’t need for at least 5 years. If you do need to withdraw money from it - after 5 years, you’ll be able to withdraw contributions out. Profit withdrawn before age 59.5 is penalized, though.
Leave a comment with your question if you’d like to be featured next week!
In Case You Missed It
My review of the Acorns Investing App on YouTube.
As always, thanks for being here - see you next Hump Day!
- Humphrey
I love reading these newsletters so much! They feel very personal. Thanks for taking the time to make them 💚
So post split if we’re town 1 share of tesla we would have to buy 5 post split stocks to have 1 equivalent of original tesla stock? If so that would mean for Apple we would need to own 224 post August split to own one original Apple stock. Daaaang that’s a lot